Report NEP-MAC-2013-04-13

This is the archive for NEP-MAC, a report on new working papers in the area of Macroeconomics. Soumitra K Mallick issued this report. It is usually issued weekly.

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Other reports in NEP-MAC

The following items were announced in this report:

• Di Bartolomeo Giovanni & Acocella Nicola & Tirelli Patrizio, 2013. "The comeback of inflation as an optimal public finance tool," wp.comunite 0100, Department of Communication, University of Teramo.
• Galí, Jordi, 2013. "Monetary Policy and Rational Asset Price Bubbles," CEPR Discussion Papers 9355, C.E.P.R. Discussion Papers.
• Kevin x.d. Huang & J. scott Davis, 2013. "Credit Risks and Monetary Policy Trade-Offs," Vanderbilt University Department of Economics Working Papers 13-00004, Vanderbilt University Department of Economics.
• Driffill, John, 2013. "Financial Shocks, Unemployment, and Public Policy," CEPR Discussion Papers 9321, C.E.P.R. Discussion Papers.
• Nicolò Pecora & Alessandro Spelta, 2013. "Macroeconomic Stability and Heterogeneous Expectations," DEM Working Papers Series 037, University of Pavia, Department of Economics and Management.
• Canova, Fabio & Altug, Sumru, 2013. "Do Institutions and Culture Matter for Business Cycles?," CEPR Discussion Papers 9382, C.E.P.R. Discussion Papers.
• Galí, Jordi, 2013. "Notes for a New Guide to Keynes (I): Wages, Aggregate Demand, and Employment," CEPR Discussion Papers 9285, C.E.P.R. Discussion Papers.
• Knut Are Aastveit, 2013. "Oil price shocks and monetary policy in a data-rich environment," Working Paper 2013/10, Norges Bank.
• Vespignani, Joaquin L. & Ratti, Ronald A, 2013. "International monetary transmission to the Euro area: Evidence from the U.S., Japan and China," MPRA Paper 45844, University Library of Munich, Germany.
• Bhattacharya, Rudrani & Patnaik, Ila, 2013. "Credit constraints, productivity shocks and consumption volatility in emerging economies," Working Papers 13/121, National Institute of Public Finance and Policy.
• Mary C. Daly & Bart Hobijn, 2013. "Downward Nominal Wage Rigidities Bend the Phillips Curve," Working Paper Series 2013-08, Federal Reserve Bank of San Francisco.
• Eickmeier, Sandra & Gambacorta, Leonardo & Hofmann, Boris, 2013. "Understanding global liquidity," Discussion Papers 03/2013, Deutsche Bundesbank.
• Wickens, Michael R. & Polito, Vito, 2013. "Is the UK triple-A?," CEPR Discussion Papers 9378, C.E.P.R. Discussion Papers.
• Crafts, Nicholas & Mills, Terence, 2013. "Fiscal Policy in a Depressed Economy: Was There a 'Free Lunch' in 1930s' Britain?," CEPR Discussion Papers 9273, C.E.P.R. Discussion Papers.
• Jan Frait & Zlatuse Komarkova, 2012. "Macroprudential Policy and Its Instruments in a Small EU Economy," Research and Policy Notes 2012/03, Czech National Bank.
• Benchimol , Jonathan, 2013. "Money in the Production Function: a new Keynesian DSGE perspective," ESSEC Working Papers WP1304, ESSEC Research Center, ESSEC Business School.
• Alejandro Justiniano & Giorgio E. Primiceri & Andrea Tambalotti, 2013. "Household Leveraging and Deleveraging," NBER Working Papers 18941, National Bureau of Economic Research, Inc.
• Valentina Bruno & Hyun Song Shin, 2013. "Capital Flows and the Risk-Taking Channel of Monetary Policy," NBER Working Papers 18942, National Bureau of Economic Research, Inc.
• Claessens, Stijn & Kose, M. Ayhan, 2013. "Financial Crises: Explanations, Types, and Implications," CEPR Discussion Papers 9329, C.E.P.R. Discussion Papers.
• Christiaan van der Kwaak & Sweder van Wijnbergen, 2013. "Long Term Government Debt, Financial Fragility and Sovereign Default Risk," Tinbergen Institute Discussion Papers 13-052/VI/DSF 55, Tinbergen Institute.
• Reis, Ricardo, 2013. "The mystique surrounding the central bank’s balance sheet, applied to the European crisis," CEPR Discussion Papers 9326, C.E.P.R. Discussion Papers.
• Chen, Xiaoshan & Kirsanova, Tatiana & Leith, Campbell, 2013. "How Optimal is US Monetary Policy?," Stirling Economics Discussion Papers 2013-05, University of Stirling, Division of Economics.
• Claessens, Stijn & Kose, M. Ayhan & Laeven, Luc & Valencia, Fabian, 2013. "Understanding Financial Crises: Causes, Consequences, and Policy Responses," CEPR Discussion Papers 9310, C.E.P.R. Discussion Papers.
• Weinstein, David & Amiti, Mary, 2013. "How Much do Bank Shocks Affect Investment? Evidence from Matched Bank-Firm Loan Data," CEPR Discussion Papers 9400, C.E.P.R. Discussion Papers.
• Pedro Teles & Isabel Correia & Bernardino Adao, 2012. "Short and Long Interest Rate Targets," 2012 Meeting Papers 452, Society for Economic Dynamics.
• Nora Traum & Michael Plante, 2012. "Time-Varying Oil Price Volatility and Macroeconomic Aggregates," 2012 Meeting Papers 455, Society for Economic Dynamics.
• Obstfeld, Maurice, 2013. "Finance at Center Stage: Some Lessons of the Euro Crisis," CEPR Discussion Papers 9415, C.E.P.R. Discussion Papers.
• Gabrisch, Hurbert & Orlowski, Lucjan & Pusch, Toralf, 2012. "Sovereign Default Risk in the Euro-Periphery and the Euro-Candidate Countries," Working Papers 2012002, Sacred Heart University, John F. Welch College of Business.
• Dmitriev, Mikhail & Hoddenbagh, Jonathan, 2012. "The optimal design of a fiscal union," MPRA Paper 46007, University Library of Munich, Germany, revised Apr 2013.
• Jaqueline Terra Moura Marins & Myrian Beatriz Eiras das Neves, 2013. "Inadimplência de Crédito e Ciclo Econômico: um exame da relação no mercado brasileiro de crédito corporativo," Working Papers Series 304, Central Bank of Brazil, Research Department.
• Michael Plumb & Christopher Kent & James Bishop, 2013. "Implications for the Australian Economy of Strong Growth in Asia," RBA Research Discussion Papers rdp2013-03, Reserve Bank of Australia.
• Vayanos, Dimitri & Guibaud, Stéphane & Nosbusch, Yves, 2013. "Bond Market Clienteles, the Yield Curve, and the Optimal Maturity Structure of Government Debt," CEPR Discussion Papers 9407, C.E.P.R. Discussion Papers.
• Pérez-Quirós, Gabriel & Camacho, Máximo, 2013. "Commodity prices and the business cycle in Latin America: Living and dying by commodities?," CEPR Discussion Papers 9367, C.E.P.R. Discussion Papers.
• Wright, Jonathan & Gürkaynak, Refet, 2013. "Identification and Inference Using Event Studies," CEPR Discussion Papers 9388, C.E.P.R. Discussion Papers.
• Rancière, Romain & Catão, Luís & Fostel, Ana, 2013. "Fiscal Discoveries and Sudden Decouplings," CEPR Discussion Papers 9368, C.E.P.R. Discussion Papers.
• Nicole Aregger & Martin Brown & Dr. Enzo Rossi, 2013. "Transaction Taxes, Capital Gains Taxes and House Prices," Working Papers 2013-02, Swiss National Bank.
• Farmer, Roger & Nourry, Carine & Venditti, Alain, 2013. "The Inefficient Markets Hypothesis: Why Financial Markets Do Not Work Well in the Real World," CEPR Discussion Papers 9283, C.E.P.R. Discussion Papers.
• Boragan Aruoba & Francis X. Diebold & Jeremy Nalewaik & Frank Schorfheide & Dongho Song, 2013. "Improving GDP Measurement: A Measurement-Error Perspective," PIER Working Paper Archive 13-016, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
• Guido Ascari & Nicolò Pecora & Alessandro Spelta, 2013. "Boom and Burst in Housing Market with Heterogeneous Agents (New Version)," DEM Working Papers Series 036, University of Pavia, Department of Economics and Management.
• Gehrig, Thomas, 2013. "Capital, Trust and Competitiveness in the Banking Sector," CEPR Discussion Papers 9348, C.E.P.R. Discussion Papers.
• Yuliy Sannikov & Markus Brunnermeier, 2012. "A Macroeconomic Model with a Financial Sector," 2012 Meeting Papers 507, Society for Economic Dynamics.
• Paolo Pini, 2013. "Cinque azioni per la crescita e l'occupazione, in un contesto di politiche contro l'"austerità espansiva"," Working Papers 2013082, University of Ferrara, Department of Economics.
• Hui He & Kevin x.d. Huang, 2013. "Why Do Americans Spend So Much More on Health Care than Europeans?--A General Equilibrium Macroeconomic Analysis," Vanderbilt University Department of Economics Working Papers 13-00005, Vanderbilt University Department of Economics.
• Gersbach, Hans & Haller, Hans & Müller, Jürg, 2013. "The Macroeconomics of Modigliani-Miller," CEPR Discussion Papers 9402, C.E.P.R. Discussion Papers.
• Daniele Franco (editor), 2012. "Rules and institutions for sound fiscal policy after the crisis," Workshop and Conferences 11, Bank of Italy, Economic Research and International Relations Area.
• Nogues-Marco, Pilar, 2013. "Competing Bimetallic Ratios: Amsterdam, London and Bullion Arbitrage in the Mid-18th Century," CEPR Discussion Papers 9300, C.E.P.R. Discussion Papers.
• Michelacci, Claudio & Pijoan-Mas, Josep, 2013. "Labor Supply with Job Assignment under Balanced Growth," CEPR Discussion Papers 9296, C.E.P.R. Discussion Papers.
• Jonathan Heathcote & Fabrizio Perri, . "Assessing international efficiency," Staff Report, Federal Reserve Bank of Minneapolis.
• Rodrigues, Pedro G., 2012. "Portugal Ought Not Restructure Its Debt," MPRA Paper 45823, University Library of Munich, Germany.
• Levy, Daniel & Snir, Avichai, 2013. "Shrinking Goods," MPRA Paper 46040, University Library of Munich, Germany.
• Sunde, Uwe & Cervellati, Matteo, 2013. "Life Expectancy, Schooling, and Lifetime Labor Supply: Theory and Evidence Revisited," CEPR Discussion Papers 9399, C.E.P.R. Discussion Papers.
• M. Ali Choudhary & Saima Mahmood & Sajawal Khan & Waqas Ahmed & Gylfi Zoega, 2013. "Sticky Wages in a Developing Country: Lessons from Structured Interviews in Pakistan," School of Economics Discussion Papers 0213, School of Economics, University of Surrey.
• Yashiv, Eran & Moen, Espen R., 2013. "Worker Matching and Firm Value," CEPR Discussion Papers 9375, C.E.P.R. Discussion Papers.
• Kerwin Kofi Charles & Erik Hurst & Matthew J. Notowidigdo, 2013. "Housing Booms, Manufacturing Decline, and Labor Market Outcomes," NBER Working Papers 18949, National Bureau of Economic Research, Inc.
• Hutengs, Oliver & Stadtmann, Georg, 2013. "Don't trust anybody over 30: Youth unemployment and Okun's law in CEE countries," Discussion Papers 333, European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics.
• Bang Nam Jeon & Maria Pia Olivero & Ji Wu, 2013. "Multinational Banking and Financial Contagion: Evidence from Foreign Bank Subsidiaries," Working Papers 052013, Hong Kong Institute for Monetary Research.
• Bertola, Giuseppe & Lo Prete, Anna, 2013. "Finance, Governments, and Trade," CEPR Discussion Papers 9338, C.E.P.R. Discussion Papers.
• Eckstein, Zvi & Lifshitz, Osnat, 2013. "Household Interaction and the Labor Supply of Married Women," CEPR Discussion Papers 9258, C.E.P.R. Discussion Papers.
• Venables, Anthony & Harding, Torfinn, 2013. "The implications of natural resource exports for non-resource trade," CEPR Discussion Papers 9318, C.E.P.R. Discussion Papers.
• Schmidt, Christoph & Weigert, Benjamin, 2013. "Weathering the crisis and beyond: Perspectives for the Euro Area," CEPR Discussion Papers 9414, C.E.P.R. Discussion Papers.
• Minford, Patrick & Meenagh, David & Le, Vo Phuong Mai & Ou, Zhirong, 2013. "What causes banking crises? An empirical investigation for the world economy," CEPR Discussion Papers 9392, C.E.P.R. Discussion Papers.
• Mondher bellalah & Olivier Levyne & Omar Masood, 2013. "Does co-integration and causal relationship exist between the non-stationary variables for Chinese bank’s profitability? Empirical evidence," THEMA Working Papers 2013-14, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
• Paul Maarek & Bruno Decreuse, 2013. "FDI and the labor share in developing countries: A theory and some evidence," THEMA Working Papers 2013-20, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
• Andreea Stoian & Rui Henrique Alves, 2012. "Can EU high indebted countries manage to fulfill fiscal sustainability? Some evidence from the solvency constraint," FEP Working Papers 464, Universidade do Porto, Faculdade de Economia do Porto.
• Bertocchi, Graziella & BOZZANO, MONICA, 2013. "Women, Medieval Commerce, and the Education Gender Gap," CEPR Discussion Papers 9359, C.E.P.R. Discussion Papers.
• Michel Guillard & Hubert Kempf, 2012. "L’insoutenable dynamique de la dette : Une analyse macroéconomique du défaut souverain," Documents de recherche 12-12, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
• Strulik, Holger & Werner, Katharina, 2013. "50 is the new 30: Long-run trends of schooling and retirement explained by human aging," University of Göttingen Working Papers in Economics 152, University of Goettingen, Department of Economics.